AIRLINK 75.25 Decreased By ▼ -0.18 (-0.24%)
BOP 5.11 Increased By ▲ 0.04 (0.79%)
CNERGY 4.60 Decreased By ▼ -0.15 (-3.16%)
DFML 32.53 Increased By ▲ 2.43 (8.07%)
DGKC 90.35 Decreased By ▼ -0.13 (-0.14%)
FCCL 22.98 Increased By ▲ 0.08 (0.35%)
FFBL 33.57 Increased By ▲ 0.62 (1.88%)
FFL 10.04 Decreased By ▼ -0.01 (-0.1%)
GGL 11.05 Decreased By ▼ -0.29 (-2.56%)
HBL 114.90 Increased By ▲ 1.41 (1.24%)
HUBC 137.34 Increased By ▲ 0.83 (0.61%)
HUMNL 9.53 Decreased By ▼ -0.37 (-3.74%)
KEL 4.66 No Change ▼ 0.00 (0%)
KOSM 4.70 Increased By ▲ 0.01 (0.21%)
MLCF 40.54 Decreased By ▼ -0.56 (-1.36%)
OGDC 139.75 Increased By ▲ 4.95 (3.67%)
PAEL 27.65 Increased By ▲ 0.04 (0.14%)
PIAA 24.40 Decreased By ▼ -1.07 (-4.2%)
PIBTL 6.92 No Change ▼ 0.00 (0%)
PPL 125.30 Increased By ▲ 0.85 (0.68%)
PRL 27.55 Increased By ▲ 0.15 (0.55%)
PTC 14.15 Decreased By ▼ -0.35 (-2.41%)
SEARL 61.85 Increased By ▲ 1.65 (2.74%)
SNGP 72.98 Increased By ▲ 2.43 (3.44%)
SSGC 10.59 Increased By ▲ 0.03 (0.28%)
TELE 8.78 Decreased By ▼ -0.11 (-1.24%)
TPLP 11.73 Decreased By ▼ -0.05 (-0.42%)
TRG 66.60 Decreased By ▼ -1.06 (-1.57%)
UNITY 25.15 Decreased By ▼ -0.02 (-0.08%)
WTL 1.44 Decreased By ▼ -0.04 (-2.7%)
BR100 7,806 Increased By 81.8 (1.06%)
BR30 25,828 Increased By 227.1 (0.89%)
KSE100 74,531 Increased By 732.1 (0.99%)
KSE30 23,954 Increased By 330.7 (1.4%)

PARIS: The early stages of this year's wheat harvest in France were showing protein content below the 11pc minimum needed to supply export markets, grain group Soufflet said on Wednesday, confirming initial reports from traders.

France, the European Union's largest producer, is widely expected gather a larger wheat crop this year but grain quality, as measured by criteria including protein content, is also crucial to secure sales to foreign milling customers.

"We have begun the wheat harvest on the Atlantic coast, with good to very good yields and some weakness in protein which at the moment is around 10.7-10.8pc," Francois Berson, head of grain procurement, said in a video on Soufflet's Twitter account.

"So it's a little below the minimum 11pc objective for export."

Traders have said the relatively low protein readings, an effect of very strong yields, have led to cheaper animal-feed wheat prices being quoted at the west coast port of La Pallice, predominantly a milling wheat export zone.

Soufflet's Berson said it was too early to give indications about the new wheat crop in the rest of France, with significant harvest progress not expected in other regions before Thursday.

Family-owned Soufflet is one of France's largest grain handlers and exporters.

For winter barley, harvesting of which is already well advanced across France, Soufflet was also seeing some weakness in protein along with varied yields, Berson said.

The west coast was showing "exceptional" yields that were 1.5-2 tonnes per hectare higher than normal, while elsewhere yields were satisfactory but more mixed, he said.

Quality was good except for protein levels that were averaging at 10pc for over 400,000 tonnes of winter barley collected by Soufflet so far, he said, adding that protein remained above a 9.5pc minimum to meet market specifications.

Copyright Reuters, 2019

Comments

Comments are closed.